MLS # 24520326 | Listed by Kelly Right Real Estate of Portland, LLC 2214 5 Th St is a $699,950, 11,444 square foot, 3 bedroom, 2.0 bath home on a 0.25 acre lot located in Tillamook, OR.
Investor Opportunity! New owner can set the rents. Currently 8 of the 13 units at the property are renovated and vacant, 4 of the units are rented at $714/month each and one unit is in need of repair. A new owner could achieve a 10% cap rate by just filling the renovated units, no extra work needed. The exterior has new paint, gutters and siding. The renovated interiors have new LVP floors, paint, windows and cabinets. Don't miss this opportunity to purchase at just over $61,000/unit. Please do not disturb tenants, viewing of the property is only with an accepted offer.
| Cooling Types | Window Unit(s) |
| Heating Types | Electricity Hot Water Description - Electricity |
| Exterior Features | Paved Commons Wood Siding |
| Construction Types | Concrete Perimeter |
| Water Source | Public Water |
| Sewer | Public Sewer |
| Brokerage Name | Kelly Right Real Estate of Portland, LLC |
| Brokerage Contact | 503-719-6056 |
| Property Type | Multi Family |
| Style | Updated/Remodeled Sewer Water |
| Year Built | 1935 |
| HOA Fee | $0.00 |
| Taxes | $3,798.00 |
| County | tillamook |
| Elementary School | liberty |
| Middle School | tillamook |
| High School | tillamook |
| Financial Terms | Assumable Cash Conventional Other |
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Portland Premiere are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS™, Portland, Oregon. This content last updated on 09/09/2024 at 10:53am MDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
